List What Is Required in Order for an Offer to Be

question 17

Essay

List what is required in order for an offer to be considered a firm offer under the UCC.Also discuss the effect if a firm offer is silent as to time and compare that with the result of silence as to time under the common law.

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Definitions:

Structural Strength

Refers to the ability of a material or structure to withstand loads that are applied to it without breaking or deforming.

Carotene

A type of pigment found in plants that contributes to the orange, yellow, and red colors of many fruits and vegetables; it is a precursor of vitamin A in the human diet.

Pigment

A substance that imparts color to other materials by absorbing a spectrum of light and reflecting certain wavelengths.

Dermatitis

Inflammation of the skin characterized by redness, itching, and often blistering.